Tech leads way to Wall Street rebound as Powell promises steady hand
Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.
Bitcoin slumps further as China tightens crypto crackdown
Bitcoin tumbled on Monday to a two-week low on China’s expanding crackdown on bitcoin mining, as investors grew more uncertain about the future of the leading cryptocurrency.
Explainer: ‘Death cross’ chart formation adds another worry to bitcoin outlook
For technical analysts watching bitcoin, an important and potentially bearish chart formation just happened in the cryptocurrency: A “death cross.”
Wall St rebounds after Fed-induced pullback
Wall Street’s main indexes were set to open higher on Monday as financials and energy stocks rebounded after hawkish comments from the Federal Reserve last week led the blue-chip Dow and the benchmark S&P 500 to their biggest weekly fall in months.
Bitcoin climbs near $40,000 after Musk says Tesla could use it again
Bitcoin climbed to shy of $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it.
Bitcoin law is only latest head-turner by El Salvador’s ‘millennial’ president
The young president of small Central American nation El Salvador leapt to worldwide fame this week after his country became the first in the world to adopt bitcoin as legal tender, but Nayib Bukele is no stranger to controversy.
More Chinese provinces issue bans on cryptomining
Authorities in China’s northwestern province of Qinghai and a district in neighbouring Xinjiang ordered cryptocurrency mining projects to close this week, as local governments put into practice Beijing’s call to crack down on the industry.
China blocks several cryptocurrency-related social media accounts amid crackdown
A slew of crypto-related accounts in China’s Twitter-like Weibo platform were blocked over the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining.
Tesla to buy more than $1 bln of Australian battery minerals a year
Tesla (TSLA.O) said it expects to spend more than $1 billion a year on battery raw materials from Australia given the country’s reliable mining industry and responsible production practices.
Canada’s Centerra Gold says Kyrgyz units seek bankruptcy after mine seizure
Canada’s Centerra Gold Inc (CG.TO) on Monday said Kyrgyzstan units Kumtor Gold Co and Kumtor Operating Co have commenced bankruptcy proceedings in a U.S. court following nationalization of the miner’s Kumtor gold mine by the former Soviet republic.
